92 crypto ETPs are awaiting the SEC’s approval, and Solana, XRP and Dogecoin are leading the charge.
The number of crypto exchange-traded products (ETPs) awaiting approval in the United States has surged to at least 92 lately. These products now cover several classes of digital assets, from top cryptocurrencies like Solana and XRP to memecoins like Dogecoin.
Combined, these assets represent trillions of dollars in market cap, and could be massive for the digital space if approvals start to happen.
The Current State Of The SEC’s Desk
According to Bloomberg Intelligence ETF analyst James Seyffart, Solana is leading the list with eight pending ETF applications. XRP follows closely with seven, while demand for regulated exposure to these coins is increasing.
NEW: Here is a list of all the filings and/or applications I'm tracking for Crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025
Over in April, Bloomberg senior ETF analyst Eric Balchunas reported that 72 crypto-related ETFs were pending with the Securities and Exchange Commission (SEC).
Just four months later, that number has jumped to 92, showing just how strong demand has been.
Crypto ETFs Could Soon See Faster Approvals
Several major U.S. exchanges, including CBOE BZX Exchange, NYSE Arca and Nasdaq, recently proposed new generic listing standards for commodity- and crypto-based ETFs.
If approved, these rules could massively shorten the approval process for new digital asset funds.
🚨 Major update for crypto ETFs: The door is finally opening!
CBOE just filed new Generic Listing Standards that could allow crypto ETFs (like @solana, @injective and XRP) to launch much faster.
Here’s what it means in simple terms:
• These new rules make it easier for… https://t.co/g6CCjNnJAM pic.twitter.com/c0OK4LDkdC
— CryptoBusy (@CryptoBusy) July 30, 2025
Right now, most crypto ETFs still have to undergo a complex process that requires 19b-4 applications. This involves lengthy paperwork and slower approvals compared to traditional ETFs regulated under the 1940 Act.
If the SEC approves the new proposal, the process would set up crypto ETFs with traditional fund launches. In other words, it would become easier and faster for issuers to bring products to market.
Such a move would be considered a major win for the crypto industry.
It would allow funds to launch more products tied to different cryptocurrencies, and would give investors access to several more classes of digital assets.
Solana, XRP and Dogecoin ETFs Lead the Pack
While Bitcoin and Ethereum are still the top choices for ETF products, the market’s interest in altcoins has been growing lately. Three pending ETFs are currently seeking approval for Bitcoin and Ether exposure, but the majority are focused on other assets.
Solana and XRP are currently the most popular, but the list does not end there.
More applications are targeting altcoins like Litecoin, Avalanche and Dogecoin. Even niche coins, including staking tokens like JitoSOL and Trump coin, are being considered.
The demand shows a change in investor appetite. Instead of limiting exposure to the two largest cryptocurrencies, investors now want access to several more digital assets.
Grayscale and 21Shares Push for More Products.
Asset managers like Grayscale and 21Shares are also actively seeking to expand their crypto ETF offerings. Grayscale is pursuing the conversion of five of its trusts into ETFs. These include funds for Litecoin, Solana, Dogecoin, XRP and Avalanche.
Meanwhile, 21Shares has filed applications for Ether staking ETFs and is hoping to capitalise on the interest in staking-based products.
The SEC recently clarified that certain liquid staking activities fall outside its jurisdiction, which means that there is officially more room for innovation in this area.
